First Trust Stock Forecast
First Trust stock price ended at $11.90 on Friday, after losing 0.0655%.
(Updated on May 03, 2024)
The First Trust stock price fell by -0.0655% on the last day (Friday, 3rd May 2024) from $11.91 to $11.90. During the last trading day the stock fluctuated 0.379% from a day low at $11.86 to a day high of $11.91. The price has risen in 7 of the last 10 days and is up by 2.19% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately $27.12 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust stock with a 90% probability to be traded between $11.53 and $12.13 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FMY Signals & Forecast
The First Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.83 and $11.88. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -0.0655%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, March 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 01, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 01, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, March 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 01, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Friday, March 01, 2024 with a target of $11.86. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for First Trust stock
First Trust finds support from accumulated volume at $11.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0450 between high and low, or 0.379%. For the last week the stock has had daily average volatility of 1.16%
Our recommended stop-loss: $11.47 (-3.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FMY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect First Trust to open at $11.89, and during the day (based on 14 day Average True Range), to move between $11.76 and $12.04, which gives a possible trading interval of +/-$0.137 (+/-1.15%) up or down from last closing price. If First Trust takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.92 (0.17%) than the support at $11.82 (0.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is First Trust stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for First Trust stock to perform well in the short-term period.
Current score: 1.281 Buy Candidate Unchanged
Predicted Opening Price for First Trust of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $11.89 ( 0.0980%) | $11.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.93 | 0.280 % | |
| R2 | 11.92 | 0.136 % | ||
| R1 | 11.91 | 0.0464 % | ||
| Current price: | 11.90 | |||
| Support | S1 | 11.87 | -0.242 % | |
| S2 | 11.86 | -0.332 % | ||
| S3 | 11.84 | -0.476 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.01 | 0.93 % | |
| R2 | 12.00 | 0.84 % | ||
| R1 | 11.92 | 0.168 % | ||
| Current price | 11.90 | |||
| Support | S1 | 11.82 | -0.710% | |
| S2 | 11.60 | -2.52% | ||
| S3 | 11.59 | -2.61% |
FMY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 01, 2024 | May 15, 2024 | $0.0825 | 0.693% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 15, 2024 | $0.0825 | 0.710% |
| 3 | Feb 20, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.0825 | 0.689% |
| 4 | Jan 22, 2024 | Feb 01, 2024 | Feb 15, 2024 | $0.0825 | 0.699% |
| 5 | Dec 18, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.0825 | 0.693% |
FAQ
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